The window of opportunity for distressed assets in this cycle will depend mainly on whether or not a recession materializes.

While the sector faces some unique challenges, including a shortage of power and competition for owners from their own tenants, its performance continues to be solid.

The Battle of the Bids allowed real estate investors and brokers to test their feel for the CRE market by guessing the final price of properties trading through online auction.

The companies are in discussions regarding a transaction that values Blair at $1 billion or more. The transaction hasn’t been finalized, and talks could still fall apart.

Ortega family investment company Pontegadea bought five logistics centers in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.

The pandemic supercharged home sales, but aggressive rate hikes by the Federal Reserve have caused the business to sputter and led to job cuts across the industry.